From official state and federal legislative records. Informational only, not legal advice.
Just proposed
A lawmaker wrote this idea down and officially asked the government to consider it.
Next: a committee studies it and decides if it moves forward.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
The purpose of this resolution is to provide the Legislature with authority to establish the valuation, assessment value and classification of tangible machinery and equipment personal property directly used in business activity, tangible inventory personal property directly used in business activity, personal property tax on motor vehicles; and to preserve all existing exemptions from taxation where provided by constitution.